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MSNBC
Dec 30, 2012 9:00am PST
at the white house have been in constant contact with staffers on the hill, president obama, of course, in those conversations, paying close attention to what's happening. of course, there's a waiting game going on at the white house. all of the action right now is happening between leaders reid and mcconnell. t.j.? >> kristin, we will check if with you again. thank you so much. >> seven minutes past the hour. let me bring in economics correspondent nancy cook and reuters political reporter. thank you both for being here. we talk about what's going to get done, what we hope is going to get done. several things are not going to get done. tackle the debt ceiling, the sequester, payroll tax holiday and tax breaks for businesses. where does this leave us if they are not being discussed at this point? >> at this point, the best thing we could hope for is a small, bare bones deal that extends the middle class tax cuts, patches the amt. there are a bunch of things congress and the white house will have to deal with in the new year like the sequester. they are things that will get wrapped up i
MSNBC
Dec 29, 2012 9:00am PST
obama met with top congressional leaders here at the white house for about an hour on friday, he said look, if you can't come up with a plan that can pass through both chambers you should put, he said, his plan to a vote. that plan would include extending the bush era tax cuts for those making $250,000 or less. it would call for extending unemployment insurance benefits among other things. of course that $250,000 mark is a real problem for republicans. you heard luke just talk about that, the fact that many republicans don't want to increase taxes at all. so that is a real sticking point. but president obama saying he believes if his proposal were put to a vote in the senate and house it could get through. of course it would be a much bigger challenge in the house. he'd have to get almost all democrats to vote for it and about 30 republicans. the calculation right now, though, is that whatever proposal is put through the senate that essentially the house will be left holding the ball. so it would be up to them to decide what to do with it. that's something that president obama talked
Search Results 0 to 1 of about 2